uysltd.com, a website domain registered on August 19, 2024, is a CFD broker dedicated to providing trading services for financial derivatives such as forex, precious metals, crude oil, indices, and cryptocurrencies. The platform primarily targets retail and institutional clients, offering online trading services for a variety of financial products. It does not offer services in regions where such activities may violate local laws or regulations.
Company Registration Information and Regulatory Status
The publicly available content on the uysltd.com website claims that this broker is one of the top 50 financial services companies in the United States, operating under the brand name "UYS." The company's headquarters is located at 1430 Stout St, Denver, Colorado, United States. However, the company has not disclosed its full company name, registration number, company logo, or relevant regulatory license numbers on its website to prove its identity. Furthermore, no detailed terms of service or other relevant legal documents are visible on the site.
Upon verification, no information about a company named "UYS" was found on the official websites of the Financial Crimes Enforcement Network (FinCEN), Financial Industry Regulatory Authority (FINRA), or the National Futures Association (NFA).
Moreover, the design and content of uysltd.com closely resemble those of several known scam broker websites, such as nutexx.com, loemarkets, and alpacaslu.com, all of which use the same template design.
Trading Products and Services
uysltd.com offers trading in a variety of financial derivatives, including but not limited to:
- Forex Trading: The platform offers trading in various major currency pairs such as EUR/USD, USD/CAD, GBP/USD, and USD/JPY.
- Precious Metals Trading: Offers spot trading in precious metals, including gold (XAUUSD) and silver (XAGUSD).
- Crude Oil Trading: Provides trading services for U.S. crude oil (UsOIL).
- Index Trading: Tradable indices include the Nikkei 225 (N225), German DAX (GER30), and S&P 500 (US500).
- Cryptocurrency Trading: Offers trading in various cryptocurrency pairs such as Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD).
Account Opening Process
To open a trading account on uysltd.com, follow these steps:
- Visit the official website and click the "Register" button to access the registration page.
- Fill in your email address and set a password, then receive a verification code via email.
- Enter the verification code and submit the registration form. After account registration is successful, you must complete KYC verification before making deposits and trading.
Trading Account Information
On its official website, uysltd.com only discloses some account information such as spreads, trading leverage, and contract sizes. However, critical trading information, including account types, trading commissions, minimum/maximum trade sizes, maximum open positions/order volumes, margin calls/stop-out levels, and minimum price increments, is not clearly listed.
- Base Currency: USD
- Spreads: Floating spreads, minimum 1 pip
- Trading Leverage: 1:100
- Contract Size: 1 lot = 100,000 units of currency
Trading Platform
uysltd.com claims to offer a trading platform called ST5, which is supported on both web and mobile devices. However, upon clicking the mobile download links on the official website, users download trading software named Vlockedxa from the App Store and EVJORERJG from Google Play. The legitimacy of these software applications is questionable, and they may pose risks.
Deposits and Withdrawals
uysltd.com does not clearly list the supported deposit and withdrawal methods, associated fees, or minimum deposit and withdrawal amounts on its official website.
Summary and Recommendations
Traderknows reminds investors that uysltd.com is a scam broker website without an actual company entity and lacks any regulatory oversight. The platform has very low information transparency, and its contact is limited to email, lacking other reliable communication channels. Therefore, investors are advised to choose brokers with transparent information, regulation by authoritative bodies, and a good reputation to avoid potential financial losses.
Currently, this broker is labeled as "Suspected Fraud" on Traderknows.
